date:Aug 12, 2013
AUCH.UL, currently has a 13.6 percent market share in China. CRE and Wal-Mart each have about 10.9 percent, while Carrefour has 6.9 percent and Tesco 2.4 percent.
If Carrefour is on the lookout for a partner in China, the Tesco tie-up may now make that more difficult to achieve.
It does seem to close down the options for Carrefour, Exane BNP analyst Andrew Gwynn said. That's not to say there aren't other potential partners but clearly Carrefour has also been looking for someone to help share.